JUST SOLD - Luxury Apartment in the Heart of Mosman

JUST SOLD!! 2/814 Military Road, Mosman

 

By Joshua Wygoda – 0414 666 190

Buyers get a break

Buyers can expect respite from continuously rising interest rates. After 3 months of consecutive rate rises late last year, the Reserve Bank of Australia no longer sees the need for a rate rise at each meeting. The minutes of the RBA February meeting reveal that because there had been three consecutive cash rate increases in the late part of 2009, monetary conditions were deemed to no longer be “exceptionally accommodative” although it was determined that interest rates were still “somewhat below average.” The Board did not regard that the outlook required an increase at every meeting, and the removal of government stimulus afforded the Board the flexibility to wait for more information on how the Australian economy responds to the three successive interest rate rises at the end of 2010. Future movements of interest rates are going to be dependent on key indicators the Reserve Bank monitors when contemplating interest rates:  Inflation, labour markets, housing prices, retail spending, levels of consumer and business confidence and global and domestic economic conditions. 

 

So if you have been thinking about buying, it’s a great time to get on the market. And if you are considering selling, call us today to find out what this could mean for you,

 

All the best,

 

Joshua Wygoda

Century 21 – Mosman

02 9968 1700

 

Source: RP Data

 

 

 

Just listed - Freestanding townhouse

1/20A Ellalong Place, Cremorne

 

For those looking for a practical and easy investment property, this elegant freestanding home offers the perfect opportunity. Tenanted until January 2011, avoid the hassles of leasing your new home and keep this gem forever – a “must see” for serious investors.

 

Come to the first inspection this Saturday 10.00-10.45am

 

See the full listing at www.century21mosman.com

 

 

Top End Property Prices Grow 12.5%

Property research company RP Data recently reported great news for Lower North Shore home owners: despite the fact dwelling values climbed 11.1% during 2009 the story was much different across different price points and markets, with more expensive properties generally seeing the strongest growth.

On a national basis, the top 20 percent of most expensive postcodes have recorded the strongest property value growth during 2009 increasing by 11.9% during the year. Interestingly, the recovery was initially led by the most affordable end of the market which recorded value growth of 3.9% during the 1st quarter of 2009 which cooled to 0.0% value growth during the 4th quarter

In Sydney, the top 20% of postcodes have recorded value growth of 12.5% with the middle market recording 11.8% growth and the lower end seeing growth of 9.1% during 2009. Taking a more historical view, the strongest growth in values has consistently been recorded across the top 20% of properties. During each year (except 2008) the most expensive suburbs have recorded the strongest value growth whilst the most affordable 20% have consistently underperformed more expensive property.

This means that for owners across the Lower North Shore, properties have actually experienced more growth than the generic Sydney statistics indicate. Give us a call to find out what this means for you today.

 

All the best,

Joshua Wygoda

Century 21 – Mosman – 02 9968 1700

www.century21mosman.com

 

 

Source: RP Data

Auction or Private Treaty: what's best for me?

When it comes to selling the family home, most vendors are unsure about which method is the best for their property. There are two main differences between selling your home at auction or private treaty: (1) the length and (2) the intensity of the marketing campaign.

 

Private treaty is the most common method of sale in Australia today. It is a quieter and more subtle approach. A few considerations when choosing private treaty are:

 

1. If you are not in a rush to sell your property, you may set the asking price and wait for a buyer prepared to pay your asking price.

 

2. Placing a price on your home will generally ensure that the asking price set will be the maximum you will receive - rarely do buyers offer more that the asking price.

 

3. Little urgency may be felt by potential purchasers to buy your home, due to the unlimited time frame imposed by private treaty.

 

4. Advertising costs can be high as a result of the need to market the property over an extended period of time.

 

During an auction, a property is marketed extensively for a set period and is designed to create interest in the marketplace and strong competition between buyers. Because of this, there are many reasons why sale by auction is effective.

 

Firstly, there is a set marketing period and a final end date, so it is easier to try and plan dates for your move. There is no ‘cooling off’ period, which means that when the house sells at the auction, it's definitely sold. You also have three opportunities to sell. You can accept an offer prior to auction, you can sell on auction day, or if you decide not to sell on the day, you can sell later by negotiating with the buyers generated by the marketing campaign.

 

When discussing the sale method of their property with their agent, a vendor should also take into account their own personal circumstances. If they need to sell the property fairly quickly, sale by auction should be considered over private treaty purely for its sense of urgency.

 

To discuss what’s right for your home, give us a call today.

 

All the best,

 

Joshua Wygoda

Century 21 – Mosman

02 9968 1700

 

It's a Sellers' Market!!

Right now is proving to be an excellent time for our clients to bring their homes onto the market. Buyers are out in droves at inspections and stock levels in the area is still at a record low: property service RP Data reports that “despite significant increases in new stock, total [property] stock sits below the level witnessed at the same time last year suggesting that homes for sale are being absorbed by the market at quite a rapid pace.” Buyer demand has been further fortified as the RBA held interest rates at 3.75% last week.

 

However, this window might not be open for long. So if you are considering selling, call me about getting your home sold today.

 

Some of our recent successes:

 

54 Raymond Rd, Neutral Bay – SOLD – Sold prior to auction from our Buyer Database

 

1/27 Eaton St, Neutral Bay – SOLD – Sold after 2 open houses

 

301/732 Military Rd, Mosman – SOLD – Sold after only 1 open house!

 

All the best,

 

Joshua Wygoda

Century 21 Resnekov Realty

02 9968 1700 – 0414 666 190

Lower North Shore property experts

 

New at Century 21 Resnekov Realty

I wanted to take a moment to introduce myself to our Century 21 community. My name is Emily Jessee and I am Joshua Wygoda’s new assistant. My commitment is to provide the best possible outcome for Joshua’s clients when selling their homes – I really want all parties to have an easy and rewarding experience.

 

Don’t let the accent fool you – I’ve lived in the Lower North Shore for 5 years and have completed my Masters in Marketing at Macquarie University. I’m originally from California, and studied at Cornell University. Real estate is my passion, and I always bring my best attributes to my work, including attention to detail, creative intelligence and strategic focus.

 

But my true priority is customer service – I view it as the most important aspect of my job. Our clients are my main focus, and you can always count on me to be attentive, available and more than happy to help.

 

I look forward to meeting you out there!

 

Emily Jessee

Century 21 Mosman

02 9968 1700

Interest Rates on Hold!!!

The RBA has left the cash rate unchanged at 3.75% -- For now...

I'll keep you posted.

Joshua Wygoda
Century 21 Mosman

Modern Apartments in the Heart of Mosman

Great properties in Mosman!

Right now I have fantastic new listings in the heart of Mosman – 3 apartments to suit a range of lifestyle needs.

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2/814 Military Rd is a brand new apartment in a boutique block of four units. It features 3 bedrooms and 2 bathrooms plus guest powder room and 2 carparks. No expense has been spared in luxurious finishes, top of line appliances and state of the art technical systems, including a fully integrated entertainment system. Great for downsizers or professional people requiring a premium low-maintenance lifestyle.

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There are two units (101 & 106) newly available to view up the road at 732 Military Rd. These near-new 2 bedroom, 2 bathroom, 1 carpark apartments provide the space and finish for discerning buyers, featuring Caesarstone benchtops and vanities and Smeg appliances. Large balconies and generous floorplans complete the impression of entering a sanctuary of contemporary living.

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To see my complete listings, please visit www.century21mosman.com or give me a call on 0414 666 190.

All the best,

Joshua Wygoda

Century 21 Mosman